Are you in the market for an income-based apartment in the beautiful city of New Albany, Indiana? Look no further than Ambassadeur Hotel’s Monon Crossing Apartments! With a wide range of options available, we have something to suit every budget. But how do you know if you qualify? Let’s take a closer look.
Do You Qualify?
At Monon Crossing Apartments, we have maximum allowable household income limits in place. These limits ensure that our apartments are accessible to those who truly need them. Don’t worry – the process is straightforward. We count all sources of income, including employment, self-employment, unemployment benefits, social security payments, monetary gifts, public assistance, child support, retirement benefits, income from personal property, and income earned from assets. To verify your income, we will contact the source directly and require written documentation.
Monon Crossing Apartments operates under the rules and regulations of the Internal Revenue Code, Section 42. This program is designed to meet the housing needs of low to moderate-income households. To qualify, several factors come into play, such as the number of full-time employed individuals in your household, the total annual household income, as well as credit and criminal background checks.
Resident Selection Criteria
To provide a fair and transparent process, we have established a Resident Selection Criteria. This criteria includes running credit and criminal background checks on all adult applicants. We also evaluate the rent-to-income ratio to ensure that there is sufficient and stable income available to pay rent. Please note that failure to meet any criteria listed may result in the denial of your application for residency.
Program Eligibility Requirements
It’s important to note that as an equal opportunity housing provider, we fully comply with all Federal, State, and Local Fair Housing and Civil Rights laws. To qualify for our low-income housing tax credit program under Section 42 of the IRS Code, we require third-party written verification of all income sources. This includes employment, alimony/child support, self-employment, pension benefits, social security income, unemployment benefits, student loan/grant verification, and welfare benefits. Additionally, we may request third-party verification of student status as per the Section 42 rules.
Credit History and Criminal Background Checks
Your credit history plays a role in the approval process. We review credit reports to assess your payment practices, including utilities, outstanding loans, judgments, repossessions, foreclosures, bankruptcy, and evictions. Certain specifications are taken into consideration, such as the dismissal of evictions by the court and the payment of outstanding landlord and utility debt. In some cases, an additional security deposit may be required.
Similarly, criminal background checks are conducted on all adult applicants. The criteria for these checks are available upon request. Please note that applicants listed in the sex offender registry are automatically denied, and criminal overrides can only be approved by the Vice President of Property Management.
Occupancy Standards and VAWA Protections
In order to maintain a comfortable living environment and comply with state and local laws, we have established maximum occupancy standards. These standards allow for two people per bedroom. Additionally, under the Violence Against Women Act (VAWA), we consider incidents of domestic violence, dating violence, or stalking differently, protecting victims from unwarranted termination of their lease or occupancy rights.
Waitlist and Appeal Process
If your desired apartment home is not available, don’t worry! We have a waitlist in place. This ensures that your application is considered as soon as a suitable unit becomes vacant. We keep a comprehensive list that includes applicant names, household unit sizes, submission dates, qualification preferences, and more.
If you have any concerns or wish to appeal a decision, we’re here to help. Our appeal and grievance process allows you to voice your concerns and present your case. Simply submit a written appeal to the Property Manager within the specified time frame, and we will do our best to address your concerns.
At Ambassadeur Hotel’s Monon Crossing Apartments, we pride ourselves on providing quality, affordable housing to those in need. With our clear eligibility requirements and transparent process, finding your perfect income-based apartment has never been easier. Don’t miss out on the opportunity to secure your spot – apply today! Ambassadeur Hotel